CAPM RISK MANAGEMENT & PROJECT CONTROL EXAM PREP
[General PM] Nature of Project - correct answersTemporary, creative unique outputs, and drive changes
[General PM] Project Charter - correct answersAuthorizes the PM, sets stakeholder expectations, and
prevents constant changes
[General PM] Charter signatory - correct answersSigned by the sponsor or senior management with
funding authority
[General PM] Project management plan - correct answersIncludes plans and baselines
[General PM] Planning lifecycles - correct answersPlan for the project lifecycle (phases) and
development lifecycle (e.g., waterfall, agile)
[General PM] Project phases - correct answers(each phase starts with the initiating process, including
reviewing and updating the project charter); initiating - planning - executing - controlling - closing
[General PM] Multiple sponsors - correct answersincreases communication needs and time in
Configuration Management due to competing needs
[General PM] Management strategy - correct answersA carefully developed overall approach to leading
an organization; if the team needs constant pushing to get things done, there is no strategy
[General PM] Reporting structure - correct answersDifferent reporting lines in various organizational
structures (e.g., matrix, functional, projectized)
[General PM] Type of PMO: Controlling - correct answersMandates compliance
[General PM] Type of PMO: Supportive - correct answersProvides templates and best practices
[General PM] Type of PMO: Directive - correct answersHigh degree of oversight
[Scope Management] Scope baseline - correct answersDeveloped by project team with stakeholder
input
[Scope Management] Precise scope statement - correct answersMust be detailed and accurate
[Scope Management] Constraints - correct answersListed in the scope statement, assumptions log, or
constraints log
[Scope Management] Scope reviews - correct answersPreliminary and final reviews
[Scope Management] Customer approval - correct answersApproved product scope, not project scope
, [Scope Management] Quality control vs scope validation - correct answersQuality control for
correctness, validate scope for acceptance
[Scope Management] Scope changes - correct answersExplained to the customer for informed decisions
[Scope Management] WBS Development - correct answersWork Breakdown Structure - created by the
team, used for stakeholder communication
[Scope Management] WBS benefits - correct answersEnsures team buy-in, prevents scope issues, key
tool to manage scope
[Scope Management] Context diagram - correct answersVisual tool for collecting requirements
[Scope Management] Code of accounts - correct answersUnique WBS IDs
[Scope Management] Control Accounts - correct answersHigher-level than planning and work packages,
defined in scheduling
[Scope Management] Estimating cost issues - correct answersDue to lack of scope definition
[Scope Management] Validate scope - correct answersDone in monitoring and controlling phase
(technical acceptance)
[Scope Management] Scope statement parts - correct answersDescription, deliverables,
assumptions/constraints, acceptance criteria, exclusions
[Schedule Management] Estimate activity durations - correct answersUse WBS and RBS at detailed
levels
[Schedule Management] Activity attributes - correct answersinclude task details (who, where,
predecessor/successor links, duration, float) but not costs
[Schedule Management] Milestones - correct answersSet in a project charter and defined during activity
planning; have zero duration
[Schedule Management] Precedence diagramming method (PDM) - correct answersMaps out tasks in
order for execution
[Schedule Management] What if analysis - correct answersUses Monte Carlo analysis to calculate
possible durations of the overall project
[Schedule Management] Total Float - correct answersCalculated as LS - ES
[Schedule Management] Rolling wave planning - correct answersDetailed planning for imminent tasks,
high-level planning for future tasks
[Schedule Management] Brooks' law - correct answersAdding people late can delay the project
[General PM] Nature of Project - correct answersTemporary, creative unique outputs, and drive changes
[General PM] Project Charter - correct answersAuthorizes the PM, sets stakeholder expectations, and
prevents constant changes
[General PM] Charter signatory - correct answersSigned by the sponsor or senior management with
funding authority
[General PM] Project management plan - correct answersIncludes plans and baselines
[General PM] Planning lifecycles - correct answersPlan for the project lifecycle (phases) and
development lifecycle (e.g., waterfall, agile)
[General PM] Project phases - correct answers(each phase starts with the initiating process, including
reviewing and updating the project charter); initiating - planning - executing - controlling - closing
[General PM] Multiple sponsors - correct answersincreases communication needs and time in
Configuration Management due to competing needs
[General PM] Management strategy - correct answersA carefully developed overall approach to leading
an organization; if the team needs constant pushing to get things done, there is no strategy
[General PM] Reporting structure - correct answersDifferent reporting lines in various organizational
structures (e.g., matrix, functional, projectized)
[General PM] Type of PMO: Controlling - correct answersMandates compliance
[General PM] Type of PMO: Supportive - correct answersProvides templates and best practices
[General PM] Type of PMO: Directive - correct answersHigh degree of oversight
[Scope Management] Scope baseline - correct answersDeveloped by project team with stakeholder
input
[Scope Management] Precise scope statement - correct answersMust be detailed and accurate
[Scope Management] Constraints - correct answersListed in the scope statement, assumptions log, or
constraints log
[Scope Management] Scope reviews - correct answersPreliminary and final reviews
[Scope Management] Customer approval - correct answersApproved product scope, not project scope
, [Scope Management] Quality control vs scope validation - correct answersQuality control for
correctness, validate scope for acceptance
[Scope Management] Scope changes - correct answersExplained to the customer for informed decisions
[Scope Management] WBS Development - correct answersWork Breakdown Structure - created by the
team, used for stakeholder communication
[Scope Management] WBS benefits - correct answersEnsures team buy-in, prevents scope issues, key
tool to manage scope
[Scope Management] Context diagram - correct answersVisual tool for collecting requirements
[Scope Management] Code of accounts - correct answersUnique WBS IDs
[Scope Management] Control Accounts - correct answersHigher-level than planning and work packages,
defined in scheduling
[Scope Management] Estimating cost issues - correct answersDue to lack of scope definition
[Scope Management] Validate scope - correct answersDone in monitoring and controlling phase
(technical acceptance)
[Scope Management] Scope statement parts - correct answersDescription, deliverables,
assumptions/constraints, acceptance criteria, exclusions
[Schedule Management] Estimate activity durations - correct answersUse WBS and RBS at detailed
levels
[Schedule Management] Activity attributes - correct answersinclude task details (who, where,
predecessor/successor links, duration, float) but not costs
[Schedule Management] Milestones - correct answersSet in a project charter and defined during activity
planning; have zero duration
[Schedule Management] Precedence diagramming method (PDM) - correct answersMaps out tasks in
order for execution
[Schedule Management] What if analysis - correct answersUses Monte Carlo analysis to calculate
possible durations of the overall project
[Schedule Management] Total Float - correct answersCalculated as LS - ES
[Schedule Management] Rolling wave planning - correct answersDetailed planning for imminent tasks,
high-level planning for future tasks
[Schedule Management] Brooks' law - correct answersAdding people late can delay the project
